Forms for a Transfer on Death Deed

Well, these types of documents are fantastically inexpensive and can save your family from a Minnesota probate nightmare.

In case you are the type of person who prefers to read and research on your own, the Minnesota laws govern this method of transferring real property can be found under statute 507.071.

Because of land issues and beneficiary issues, I think it makes a lot of sense to have help from a professional to draft this type of document. But, maybe you are different.

What is a Transfer on Death Deed in MN?

A transfer on death deed, also called a “TOD deed” or “TODD” is a piece of paper that explains who should get your real estate (or house) on your death without the need of seeking approval from a probate court.

Unfortunately, a transfer on death deed must be completed correctly and recorded in the County where the property is located for the document to be effective.

Can a Minnesota TODD transfer a piece of property to more than one person?

Yes, a TODD can transfer real estate to more than one person or entity (like a charity or church).

For example, a mother can use a transfer on death deed in Minnesota to transfer the family cabin in equal shares to her three children. Each child is a grantee beneficiary.

I believe the possibilities for a TODD can be as creative or exotic as your estate requires. On the other hand, sometimes things can go wrong too.

What can go wrong with a Transfer on Death Deed?

A few examples how or why a TODD can be incorrectly utilized includes:

An incorrect legal description,

A grantee beneficiary dies before the owner of the property dies,

If the owners of a property were married, the remaining spouse fails to file an Affidavit of Survivorship,

Names of the beneficiaries are misspelled,

The person filling out the form uses the wrong form,

A person fails to record the document,

A person accidentally revokes the deed,

The grantor fails to consider estate taxes,

The grantor does not have each document notarized and witnessed correctly, and etc.

Where to find forms for a Transfer on Death Deed

If a person has the time, consider visiting your local recorder’s office.

Attorney Jasper Berg

Tour Schedule:

Disclaimer

No information obtained from this web site is legal advice. Every person including the visitor of this site should consult an attorney for individualized advice regarding your own situation.

No attorney-client relationship is formed by viewing this web site, subscribing to site updates or contacting IAJ Law, LLC through any means.

If you contact IAJ Law by phone, text, social media, e-mail or through any other means, you may not necessarily receive a response.

Results reported on this web site are specific to the unique facts of that case and do not guarantee favorable results in other future cases.

With exceptions, photographs, images, media, etc. are the exclusive copyright (c) of Shutterstock, Inc. and or their agents. Use of any media found anywhere on this site requires the expressed written consent of Shutterstock, Inc. and or their agents.

All rights reserved.
Many of the photographs, images, media, etc. used herein are the exclusive copyright (c) of Shutterstock, Inc. and or their agents. Use of any media found anywhere on this site requires the expressed written consent of this law office, Shutterstock, Inc. and or their agents.